Top Omani honey producers to exhibit at Qatar eventIthraa, Oman’s inward investment and export promotion agency, with support from the Ministry of Agriculture & Fisheries, has revealed plans for 10 Omani honey producers to exhibit at an event in Doha, Qatar. Oman’s More… |
Oil at 5-week high on hopes of producer actionOil prices reached their highest levels in more than five weeks on Tuesday as the market rode optimism over potential producer action to prop up the market. Oil production losses in Nigeria, where more than 700,000 barrels per day More… |
Oil at 5-week high on hopes of producer actionOil prices reached their highest levels in more than five weeks on Tuesday as the market rode optimism over potential producer action to prop up the market. Oil production losses in Nigeria, where more than 700,000 barrels per day More… |
Oil rallies to $41, near 2016 high, on producer meetingOil rose above $41 a barrel, trading close to a 2016 high, bolstered by a plan among some of the world's biggest producers to meet next month to discuss supporting the market. Opec and non-Opec producers in More… |
US shale's message for Opec: above $40, we are coming backFor leading US shale oil producers, $40 is the new $70. Less than a year ago major shale firms were saying they needed oil above $60 a barrel to produce more; now some say they will settle for far less in decid More… |
High risk of bankruptcy for one-third of oil firms: DeloitteRoughly a third of oil producers are at high risk of slipping into bankruptcy this year as low commodity prices crimp their access to cash and ability to cut debt, according to a study by Deloitte, the auditing and consulting firm. More… |
Opec's market share to shrink by 2020Global demand for Organization of the Petroleum Exporting Countries (Opec's) crude will be lower in 2020 than next year as supply from rivals proves more resilient than expected, potentially fuelling a debate on the merits of its strategy More… |
African oil producers seek to limit global productionAfrican crude-exporting countries will lobby the world's oil producers to reduce output in order to boost prices that have fallen to levels that threaten to spark social unrest, the African Petroleum Producers Association (APPA) said. More… |